Why is the Domincan Republic a safe and wonderful place to invest?
The Dominican Republic is a country located in the Caribbean that has a strong and growing economy, making it a safe place to invest.
Here are some reasons why:
1. Strong economic growth
The Dominican Republic has experienced steady economic growth in recent years, with a GDP growth rate of around 5% in 2020. This growth is expected to continue in the coming years, driven by an increase in tourism, construction, and manufacturing.
2. Favorable business environment
The Dominican Republic has a business-friendly environment with a relatively low corporate tax rate and a range of investment incentives. It is also a member of the World Trade Organization and has free trade agreements with several countries, making it easier to do business and invest in the country.
3. Stable political climate
The Dominican Republic has a stable democracy with regular elections and a peaceful transfer of power. The country also has a strong legal system that protects property rights and encourages foreign investment. Titles are fee simple and even non-citizens and non-residents are fully protected by these rights.
4. Diversified economy
The Dominican Republic’s economy is diverse, with sectors such as tourism, manufacturing, and agriculture all contributing to its growth. This diversification helps to reduce the risk of investing in the country, as it is not reliant on any one sector for its economic success, although tourism does account for about 38% of the economy currently.
5. Growing infrastructure
The Dominican Republic has made significant investments in its infrastructure in recent years, including building new roads, airports, and ports. This improved infrastructure makes it easier to do business and invest in the country.
The Punta Cana airport, the busiest by far in the whole country is building another terminal and there are plans for another airport to be built in Bavaro which will provide quick and easy access to Macao and Miches which are up and coming tourist hotspots.
Final thoughts
Overall, the Dominican Republic has a strong and growing economy, a favorable business environment, a stable political climate, a diversified economy, and a growing infrastructure.
All of these factors make it a safe place to invest.
